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How much corporate income tax will be paid in country x

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Reference no: EM132753204

Assume a wholly-owned subsidiary in country X (tax rate = 35%) makes 500 units of a product for $200 each and sells them to the parent company in country B (tax rate = 21%) for 350 USD each.

The parent then sells them for 470 USD each in country Y. The company has no other costs or sources of revenue. Given this information

Problem 1) How much corporate income tax will be paid in Country X?

Problem 2) If no income is repatriated from country X to country Y, how much corporate income tax will be paid in Country Y?

Reference no: EM132753204

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